Mathematics, 26.01.2020 17:31 kathleendthomas
Find the amount accumulated after investing a principle p for t years at an interest rate compounded k times per year.
p= $3,500 r=5% t=10 k=4
hint: a=p(1+r/k)^kt
find the amount accumulated after investing a principle p for t years at a interesting rate compounded k times a year.
p=25,300 r=4.5% t=25 k=12
hint: a=p(1+r/k)^kt
Answers: 2
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